Adani Power Buys JP Power Stake & Thermal Plant | Big Power Sector Move | Business News | ET Now

Adani Power Buys JP Power Stake & Thermal Plant | Big Power Sector Move | Business News | ET Now

Adani Power has entered into a definitive agreement to acquire a 24% stake in Jaiprakash Power Ventures from Jaiprakash Associates for nearly ₹3,000 crore.

As part of the transaction, Adani Power will also acquire JAL’s 180 MW Churk thermal power plant and related assets for around ₹1,200 crore. The acquisition is being executed under the NCLT-approved resolution plan.

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